/KASE, July 24, 2020/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release of July 24, 2020:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent
oil and gas company engaging in the production, development and exploration of
oil and gas in the pre-Caspian Basin, today announces its plans to utilise the
applicable grace periods for the interest payments due on 25 July 2020 and 16
August 2020 with respect to the 8.0% Senior Notes due 2022 (the "2022 Notes")
and 7.0% Senior Notes due 2025 (the "2025 Notes", and together with the 2022
Notes, the "Notes") issued by Nostrum Oil & Gas Finance B.V. (the "Issuer").
The 30-day grace period will allow the Company to continue active discussions
with the financial and legal advisers to a steering committee of holders of the
Notes, namely PJT Partners (UK) Limited and Akin Gump Strauss Hauer & Feld,
respectively, with a view to entering into a forbearance agreement with the
holders of the Notes in relation to those interest payments which is in the
best interest of all stakeholders.
unquote
The full press release is available on –
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_240720_1.pdf
[2020-07-24]